What's your favorite trading quote of all time?

Discussion in 'Trading' started by a529612, Dec 14, 2006.

  1. In trading i have made a million......mistakes!

    unknown
     
    #12     Dec 14, 2006
  2. Rocko1

    Rocko1

    "Buy low sell high!"
     
    #13     Dec 14, 2006
  3. Quin

    Quin

    He who pick bottom gets Stinky finger

    Confucious
     
    #14     Dec 15, 2006
  4. Pekelo

    Pekelo

    I haven't heard it yet, but I really would like to hear this one from an IRS agent:

    " Sir, we are here to audit you, because your last year's profits looks just incredible and seriously, unbelievable!"
     
    #15     Dec 15, 2006
  5. "What is obvious . . . is obviously wrong."

    Paul Tudor Jones
     
    #16     Dec 15, 2006
  6. spinner

    spinner

    "When I was young, I was called a gambler. As the scale of my operations increased, I was known as a speculator. Now I am called a banker. But I have been doing the same thing all the time."
    -- Sir Ernest Cassel, banker to King Edward VII
     
    #17     Dec 15, 2006
  7. lindq

    lindq

    Be fearful when others are greedy and greedy only when others are fearful.

    - Warren Buffett

    (This is all you need to know)
     
    #18     Dec 15, 2006
  8. Another lesson I learned early is that there is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.
    Edwin Lefèvre


    Your real trading system is the set of feelings you are unwilling to experience. Ed Seykota
     
    #19     Dec 15, 2006
  9. spinner

    spinner

    Excellent thread. Hope you're not going to limit us to only one quote each.

    "Your first goal must be long-term survival; your second goal, a steady growth of capital; and your third goal, making high profits. Most traders put the third goal first and are unaware that goals 1 and 2 exist."
    -- Alexander Elder, Trading for a Living

    ALWAYS REMEMBER:

    PRIORITIES:
    #1 - SURVIVAL
    #2 - CONSISTENCY
    #3 - PROFIT
     
    #20     Dec 15, 2006